Finland: Launch of new system for equities has been postponed
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Further to our announcement A16098 we would like to advise customers that the Finnish CSD, Euroclear Finland, has announced that Infinity Release 2 for equities scheduled for 14 November 2016 has been postponed.
Euroclear Finland has said this will allow participants adequate time to fully test the new functionality so as to ensure a safe and stable transition to the new Finnish infrastructure. The new timetable for implementation will be decided in the coming weeks and we will inform our customers of the new date as soon as Euoclear Finland announces it.
The postponement will not affect the timeline for the Finnish market to join T2S, scheduled for 18 September 2017.
We continue to monitor the situation and will provide further details about the impact on customers in due course.
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